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What Should Be the EU’s Approach to Global Trade?

Author

Listed:
  • Annette Bongardt

    (London School of Economics and Political Science)

  • Francisco Torres

    (London School of Economics and Political Science)

Abstract

For a global player like the EU, it must adequately respond to US unilateral actions and not give in to threats in order to preserve its credibility. However, it is not in its interest to let trade conflicts escalate and be drawn into trade wars. It is worth noting that through the bilateral rules established in the context of a comprehensive trade agreement, the EU not only influences global norms and standards but that those in turn feed back into the EU’s economic order in a way that traditional trade agreements have not. They can therefore either reinforce the European model or weaken it.

Suggested Citation

  • Annette Bongardt & Francisco Torres, 2018. "What Should Be the EU’s Approach to Global Trade?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 53(5), pages 245-249, September.
    • Handle: RePEc:spr:intere:v:53:y:2018:i:5:d:10.1007_s10272-018-0759-y
    DOI: 10.1007/s10272-018-0759-y
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    Cited by:

    1. Emir ETERIA, 2020. "Impact of the EU Deep and Comprehensive Free Trade Area Agreements on Trade Performance of Georgia and Moldova," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 12(3), pages 198-212, December.
    2. Emir ETERIA, 2019. "EU’s Trade Policy Developments and Economic Dimension of EU-Georgia Association Agreement," Eastern European Journal for Regional Studies (EEJRS), Center for Studies in European Integration (CSEI), Academy of Economic Studies of Moldova (ASEM), vol. 5(2), pages 44-59, December.
    3. Yulia Loktionova & Artem Smirnov & Zeynab Giyasova & Larisa Kondratenko & Ilia Aksenov, 2023. "European Single Market: Evolution and Modern Challenges," Journal of Common Market Studies, Wiley Blackwell, vol. 61(1), pages 95-107, January.

    More about this item

    JEL classification:

    • L81 - Industrial Organization - - Industry Studies: Services - - - Retail and Wholesale Trade; e-Commerce

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